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The IRD will reject the submission of terminated employees via the payee search tab on the Payday reporting screen in FastTrack360. This process should not be utilised at this time. The IRD have advised they will pick up the employee termination via the data within the pay batch submission. Attempting to use this function, will receive the below error message within FastTrack360.
Issue 4 - myIR (Tax Withholding) balance
The IRD has acknowledged there's an issue affecting the ‘Summary of filed schedules’ in myIR where incorrect balances are displayed. In some cases this is causing employers to pay us incorrect deductions.
The IRD advise they are investigating the issue as a matter of urgency. In the meantime, they recommend customers use functionality within their software to determine the deductions to pay the IRD. As an alternative, the IRD advise customers add up each employment information submission (either within or month or twice a month) to determine the deductions to pay the IRD.
Based on the IRD's feedback, FastTrack recommend all customers use the IR345 report that's available in FastTrack360 to determine the deductions to be paid to the IRD. We will keep you posted with any changes on this issue once we receive further updates from the IRD.
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FastTrack will support customers with the NZ Payday filing release per the regular release process. Unfortunately, these known issues are not able to be resolved within FastTrack360 and will remain until rectified by the IRD. FastTrack will provide further communications to customers as these known issues are corrected, including any impact to Payday filing processes, once confirmed by the IRD. FastTrack recommends discussing any of these known issues with their IRD account manager if you believe they will cause business critical risk. |
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